The Federal Reserve announced that the hawks cut interest rates, the three major US stock indexes plummeted across the board, and the cryptocurrency responded smoothly.
Recently, it was learned that Jianan Zhizhi, the world's second-largest bitcoin mining machine manufacturer, has submitted a listing application to the SEC, indicating that the mining giant's capital market has been put on the agenda, and the other two mining machine manufacturers should soon follow. Progress.
The Fed announced that it will cut interest rates by 25 basis points and began to announce plans to stop the contract. The interest rate cut is the first time since 2008, but then the Fed chairman’s statement triggered market panic. The three major US stock indexes all fell more than 1%. The Fed chairman said this round of interest rate cuts For insurance interest rate cuts, it is not necessarily the opening of the interest rate cut cycle. In the future, interest rate cuts may also raise interest rates. The US dollar index will rise rapidly and gold will fall by more than 1%. The cryptocurrency market represented by Bitcoin will interpret it as Good, the market has a general market, so now the problem is coming, is the market sustainable?
BTC
After several days of sideways volatility, BTC chose to go up. At present, 5 antennas and 10 antennas have been golden forks. Macd fast and slow lines are gradually converging. There is a possibility of gold forks. The only thing missing is the volume, the current volume. There is no obvious sign of enlargement, indicating that yesterday’s rising Yangxian participated in less funds, and observed whether it could replenish during the subsequent rise. If the volume can be released later, the target will test around 11,000 USD. Pressure, if there is no volume to follow, you may return to step 5 antenna again, do not break 5 antennas can continue to hold, fall below 5 antennas to pay attention to lighten up, fell below $ 9,000 to wait and see.
- BlackRock CEO: We don't need Libra, we need technology
- According to the report, Fidelity Digital Asset Services has applied for a trust license to the New York Financial Services Authority.
- Iran will promote the legalization of the encryption mining business
ETH
The trend of ETH is basically the same as that of BTC. Yesterday's Yangxian line has no volume to be released. At present, 5 antennas have 10 antennas with signs of gold forks. Macd indicators are weak in the region. Please pay attention to whether there is any volume in the follow-up. Personally, if there is no transaction. The amount of cooperation, the target will still oscillate within the range of 190-225 US dollars, can be low-suction near 190 US dollars, the volume of the breakthrough 225 US dollars is bullish to 260 US dollars, or should be well defensive, effectively fall below 190 US dollars to leave .
BCH
BCH rebounded before the market. It has been rebounding for two consecutive days. It has a strong trend and has already reached the pressure level around 330 USD. It is currently gaining momentum. It does not rule out that it will step back on a 5 antenna, but I think it will break the pressure of 330 USD. It should be a high probability event. As with the previous two targets, the volume has always been an important reason for restricting its rebound. When the volume is released, it will break through the pressure of 330 dollars. I think if the target can break through 330 dollars, At least it will rise above $345. If the price falls below the 20-antenna moving average, it will be bullish and will leave the market.
BNB
Although BNB has gone out of the trend of heavy volume and stop falling, I personally think that the downward trend of BNB has not yet finished, the moving average system has remained short, and the macd indicator has repeatedly been in the weak area, which has been passivated, and the rebound of the target is the most. Near the 60 antenna, after rebounding to this point, it will continue to go back, unless the target directly returns to the 60 antenna and makes the 60 antenna head up, you can continue to see more, otherwise the target is still a bottom. Road, and the previous low of 24 US dollars does not constitute an effective support, and will continue to explore, the next support level is around 21 US dollars, pay attention to observe the support of this point, the target has a large increase in the previous period, the space for the fall Larger, pay attention to risk.
The author's point of view is only used for learning communication, not as an investment recommendation, and does not constitute an investment basis!
Author: talk on gold coins
We will continue to update Blocking; if you have any questions or suggestions, please contact us!
Was this article helpful?
93 out of 132 found this helpful
Related articles
- Can cryptocurrency save a small city?
- US Finance Minister Mnuchin presents a new pessimistic view of the future of Bitcoin
- Can Bitcoin really become a safe haven under the financial crisis?
- Zcash completes the first fork Ycash, what does this mean?
- What is EOS? What is the difference between Bitcoin and Ethereum?
- Ethereum, Cosmos, Polkdot ecological inventory
- More than 1,000 Bitcoin ATMs operated by LibertyX in the United States